The deployment model, such as on-premises and on-cloud, is boosting the global enterprise performance management market. Additionally, the rising demand from SMEs and various industry verticals, economic growth, and scalable resources are the prime factors driving the growth of the market.

Infoholic Research LLP, a global market research and consulting organization, has published a study titled “Global Enterprise Performance Management– Drivers, Opportunities, Trends, and Forecasts to 2023” (October 2017).

According to Infoholic Research, the global enterprise performance management market will experience significant growth during the forecast period due to the need for reducing the operational cost, increased focus on core business, the need to improve scalability and time to market, and the requirement of regulatory compliance and security. The market is expected to grow at a CAGR of 11.4% during the forecast period 2017–2023 to touch an aggregate of $9.86 billion by 2023.

In the new digital connected world, the enterprise performance management market has reported significant growth and is presenting ample opportunities to the industry players. Enterprise performance management solutions and services are used by organizations of all sizes from small, medium, to large, across various industry verticals such as manufacturing, telecom and IT, healthcare, retail, banking, financial services, and insurance, and others.

The enterprise performance management market is evolving with a shift toward the cloud model. Workloads will consolidate in the largest and most efficient facilities. Established network hubs will assume a central role in the evolution of the cloud, connecting enterprises to their data and applications in third-party server providers. For large technology companies, enterprise performance management will be the engine driving the growth of their digital empire.

“The enterprise performance management market is an attractive space for technology providers, investors, service providers, application providers, and content providers to expand their business in the core enterprise operations. The enterprise application segment holds enormous opportunities in the next 5–6 years due to the rising penetration of cloud-based service adoption, digital technology, IoT, and advanced technologies.” – Pradeep Singh, Senior Research Analyst at Infoholic Research

The report provides an in-depth analysis and forecast about the industry covering the following key features:

Industry outlook including current and future market trends, drivers, restraints, and emerging technologies